A Quote by Lawrence Summers

Deflation and secular stagnation are the risks of our time.

Lawrence Summers

Quote Topics

Deflation Our Our Time Risks Secular Stagnation Time

Quote Author

Lawrence Summers
American - Economist
Born: November 30, 1954

The entire political class and ruling Wall Street class are zero-percent-interest zombies who talk about 'deflation' in the value of their second, third, and fourth homes. This is paper-deflation, zombie-deflation, and has nothing to do with the real economy.

Max Keiser

A big secular thing going on is technology and deflation. This is where I think millennials are getting that it is an improvement in life, and they're taking advantage of it.

Ken Moelis

With the time, yes we can be worried, because the secular state should reflect secular society, and this secular society, with the time, if you don't get rid of those terrorists and these extremists and the Wahabi style, of course it will influence at least the new and the coming generations.

Bashar al-Assad

There is either a crisis or a return to the norm of stagnation. One view is the norm is stagnation and occasionally you get out of it. The other is that the norm is growth and occasionally you can get into stagnation. You can debate that but it's a period of close to global stagnation.

Noam Chomsky

Deflation isn't good, and inflation is easier to cure than deflation.

Robert Kiyosaki

While it may be theoretically possible to demonstrate the risks inherent in any treaty... the far greater risk to our security are the risks of unrestricted testing, the risks of a nuclear arms race, the risks of new nuclear powers.

John F. Kennedy

In America, you keep on hearing productivity is low; secular stagnation, it's a new normal. It's just not true: We've had multiple wars; we're not educating our kids. We had government shut downs, badly-spent money, failures in the health system, failures and an extreme amount of regulation - that's why we're going slow.

Jamie Dimon

Innovation doesn't come from one big thing, it comes from a piece at a time, from combining existing technology. We have in a sense a stagnation, in all those areas where we have cronyism and political correctness and the precautionary principle. Get all of those together, then yeah, you have stagnation, and that's what we're seeing.

Charles Koch

The sources of deflation are not a mystery. Deflation is in almost all cases a side effect of a collapse of aggregate demand.. a drop in spending so severe that producers must cut prices on an ongoing basis in order to find buyers.

Ben Bernanke

Unemployment is sky-rocketing; deflation is in our future for the first time since the Great Depression. I don't care whose fault it is, it's the truth.

John Mellencamp

The alternative to extinction is stagnation, and stagnation is seldom a good thing.

Ian Tattersall

With QE3, we are essentially being bought out with our own money...and unemployment is being used to facilitate this process in a very clever manner. Monetary inflation is currently being offset by labor deflation. The way you avoid collapse is by printing money and stealing assets. The way you avoid inflation is with labor deflation.

Catherine Austin Fitts

When there's deflation, it means that although most markets are shrinking and people have less to spend, the 1% that hold the 99% in debt are getting all the growth in wealth and income. Deflation means that income is being transferred to the 1%, that is, to the creditors and property owners.

Michael Hudson

The America in which we grew up is vastly different from the America the secular-socialist Left want to create. And that's why saving America is the fundamental challenge of our time. The secular-socialist machine represents as great a threat to America as Nazi Germany or the Soviet Union once did.

Newt Gingrich

As a whole, [changing] is deflation force that is being underestimated. Whether each person thinks of it in the context of the word deflation ... what they think of it is, "Hard to hold my margin. I'm under margin pressure. I'm under sales pressure. I'm under cost pressure."

Ken Moelis

Income inequality and wage stagnation finally took their place among the principal moral issues of our time.